In recent news, the authoritative American publication *Tire Business* released its 2003 global tire market report, highlighting the market shares of leading tire manufacturers worldwide. According to the report, Michelin, widely recognized as a leader in tire technology, has once again secured the top position for the third consecutive year. This year's results show that Michelin holds a global market share of 20.1%, followed by Bridgestone at 18.4% and Goodyear at 16.9%. In addition to the market ranking, Michelin also reported its performance for the third quarter of 2004. By the end of September, the company achieved net sales of 11.6 billion euros, reflecting a 4.6% increase compared to the same period last year. Based on these strong results from the first nine months of the year, Michelin is optimistic about achieving significant growth in 2004. Michelin has long been a dominant force in the passenger car and light truck tire industry. In the heavy truck and passenger car tire sectors, it continues to lead in radial tire technology and aims to be a benchmark for quality and customer service within the Chinese tire market. *Tire Business* is a respected monthly publication in the U.S. business and trade sector, known for its annual global tire industry reports. These reports rank the top 75 tire manufacturers worldwide based on their sales figures. With over a century of history, Michelin has consistently been at the forefront of technological innovation, providing safer, more efficient, and more comfortable driving experiences for customers around the world. Headquartered in Clermont-Ferrand, France, Michelin currently employs over 125,000 people globally and operates 74 manufacturing facilities across 19 countries. The company also maintains sales and marketing organizations in more than 170 countries. Michelin has research and testing centers in the U.S., Europe, Japan, and Shanghai, China, as well as six rubber plantations in Brazil and Nigeria. Michelin entered the Chinese market in 1989, bringing advanced technology and high-quality products to the region. It established its first joint venture in Shenyang at the end of 1995. In 2001, the company partnered with Shanghai Tire & Rubber (Group) Co., Ltd., one of China’s largest tire manufacturers, to form Shanghai Michelin Warrior Tire Co., Ltd. Today, Michelin employs over 4,900 people in China and remains committed to its long-term development and growth in the country.

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